Seaview Capital Secures $34.5M Refinance Loan For Northridge Multifamily Property

The property involved in this transaction is a multifamily asset located at 9810 Zelzah Ave in Northridge, CA. It consists of 150 units with a total square footage of 154,838. The property is owned by Seaview Capital, a notable landlord in the area.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $34,500,000.00
• Loan Type: Refinance
• Loan Terms: 10 year fixed rate, 5 years IO, 3.85%

The loan amount for this transaction is $34,500,000.00. It is a refinance loan with a term of 10 years, featuring a fixed interest rate. The first 5 years of the loan will be interest-only. The interest rate for the loan is 3.85%.

JLL's brokers Marc Schillinger, Max Mraz, and Brooke Hinkel represented the parties involved in this deal. They assisted in securing the loan and facilitating the refinancing process for Seaview Capital.